AlphaQuest LLC Acquires 10,130 Shares of Apartment Investment and Management Company $AIV

AlphaQuest LLC grew its holdings in Apartment Investment and Management Company (NYSE:AIV) by 17.5% in the 2nd quarter, Holdings Channel reports. The fund owned 67,884 shares of the real estate investment trust’s stock after purchasing an additional 10,130 shares during the quarter. AlphaQuest LLC’s holdings in Apartment Investment and Management were worth $587,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AIV. Sequoia Financial Advisors LLC bought a new stake in shares of Apartment Investment and Management in the first quarter worth about $414,000. Teacher Retirement System of Texas bought a new stake in shares of Apartment Investment and Management in the first quarter worth about $172,000. Principal Financial Group Inc. bought a new stake in shares of Apartment Investment and Management in the first quarter worth about $89,000. Envestnet Asset Management Inc. increased its holdings in shares of Apartment Investment and Management by 5.4% in the first quarter. Envestnet Asset Management Inc. now owns 52,544 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 2,681 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC increased its holdings in shares of Apartment Investment and Management by 7.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 275,594 shares of the real estate investment trust’s stock worth $2,425,000 after acquiring an additional 20,143 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Stock Down 1.3%

NYSE:AIV opened at $5.53 on Wednesday. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $786.37 million, a PE ratio of -11.51 and a beta of 1.45. Apartment Investment and Management Company has a 52-week low of $5.49 and a 52-week high of $9.29. The stock has a 50-day simple moving average of $7.36 and a 200 day simple moving average of $7.93.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The company had revenue of $52.76 million during the quarter, compared to the consensus estimate of $54.62 million. Apartment Investment and Management had a negative net margin of 30.59% and a negative return on equity of 34.47%. During the same quarter in the prior year, the business earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, sell-side analysts expect that Apartment Investment and Management Company will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $2.23 dividend.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AIV. Weiss Ratings restated a “sell (d+)” rating on shares of Apartment Investment and Management in a report on Wednesday, October 8th. Wolfe Research upgraded Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.00.

About Apartment Investment and Management

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.